News this week: Market leading Chinese-language Internet
search provider, Baidu, reported revenues of US$1.2 billion for the quarter ended 30th
June 2013, a 39% year-on-year increase. However, net income attributable to the
company dropped by 4.5% from last year, amounting to US$431 million. Diluted
earnings per share in the period were RMB 7.52 (US$1.22).
In the second
quarter of 2013, the number of active online marketing customers jumped by 33% over
2012 reaching 468,000. Revenue per online marketing customer in the period was
US$2,623, a rise of 3.9% over last year.
Baidu’s management
expects revenues in the third quarter to be between US$1.46 billion and US$1.46
billion, representing an increase of 40%-43% over the third quarter in 2012.
Revenues generated in the third quarter of 2012 were US$995 million.
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